SEBI had imposed penalties on these entities in 2022 for manipulating Ruchi Soya stock in 2012.
In 2021, SEBI had imposed the penalty on the company after noticing that it had enabled some abnormal activities in the Ruchi Soya scrip.
Ruchi Soya was purchased by Baba Ramdev-led Patanjali Ayurved for Rs 4,350 crore through an insolvency process in 2019.
Ruchi Soya is buying its parent's food business through a process that gives a lot of flexibility (pun unintended) to both parties
Patanjali Ayurved to transfer food retail business to Ruchi Soya. Catch Karunya Rao in conversation with Baba Ramdev of Patanjali and Sanjeev Astana of Ruchi Soya as she discusses the company's growth plans and impact on investors.
The company told exchanges that the board of directors had approved the transfer of the parent company Patanjali Ayurved’s food business to Ruchi Soya
Patanjali intends to transfer its foods business to Ruchi Soya, eliminating any potential conflict of interest. How the business is valued and the transaction is structured are critical to how beneficial it could be for investors
Acharya Balkrishna, MD of Patanjali Ayurved Ltd, tweeted that Ruchi Soya has become debt-free. In its draft red herring prospectus, the company had mentioned that it would repay loan of around Rs 1,950 crore to the lenders, a company spokesperson said.
The meeting of the parliamentary standing committee on finance, chaired by former minister of state for finance Jayant Sinha, lasted for more than two-and-a-half-hours, in which queries were also raised on cryptocurrencies, sources in the panel said.
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Some 14,583 applications amounting to 9.74 million shares were withdrawn as of March 30, the data showed. Qualified institutional bidders withdrew 7.86 million bids while high net worth investors 1.31 million. Retail investors withdraw 5.70 lakh shares
In a first, the Securities and Exchange Board of India has allowed investors to withdraw their applications to the company’s follow-on public offer after reports of unsolicited messages advertising the FPO surfaced
The Sebi on March 28 provided an option to the investors in Ruchi Soya's Rs 4,300 crore follow-on public offer (FPO) to withdraw their applications following the circulation of unsolicited SMS, advertising the issue
How is it that brokers’ reports soliciting investments are allowed, while SMS messages are not?
On Monday, market regulator had provided an option to the investors in Ruchi Soya's FPO to withdraw their applications following the circulation of the unsolicited message
The regulatory body's directive came amidst the “circulation of unsolicited SMSes advertising the issue”.
In an exclusive conversation with Moneycontrol, Baba Ramdev, the founder of Patanjali Ayurved, talks about the strategy to take on FMCG majors and the road ahead for Ruchi Soya.
Baba Ramdev also announced that Patanjali Ayurved will demerge all its food businesses into the listed entity Ruchi Soya Industries.
With the use of the proceeds, our first goal is to make Ruchi Soya debt-free as soon as possible,'' said Baba Ramdev in an interview with CNBC-TV18.
Ruchi Soya’s FPO is being priced at a sharp discount to its last traded price, leading to its shares falling sharply
The proceeds from the FPO will be used for furthering the company’s business by repayment of certain outstanding loans and meeting its incremental working capital requirements and other general corporate purposes
The prices have been reduced by Adani Wilmar (on Fortune brands), Ruchi Soya (Mahakosh, Sunrich, Ruchi Gold and Nutrella brands), Emami (Healthy & Tasty brands), Bunge (Dalda, Gagan, Chambal brands) and Gemini (Freedom sunflower oil brands), SEA said.